Bombardier announced its decision to reduce production rate of Global 5000 and Global 6000 business jets, due to reduced demand.
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Bombardier said the current economic conditions and geopolitical issues in some market regions, such as Latin America, China and Russia, have impacted order intake.
Approximately 1,750 employees in Canada – up to 1,000 in the Montréal region, up to 480 in Toronto and up to 280 in Belfast – will be progressively impacted at various stages of the Global 5000 and Global 6000 production cycle.
Reductions will begin in June 2015 and continue progressively through the first quarter of 2016. Bombardier will communicate with affected employees over the coming months and work to mitigate the impact as much as possible.
